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Windows of Opportunity: How Nations Create Wealth - Hardcover

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9781788163842: Windows of Opportunity: How Nations Create Wealth
  • PublisherProfile Books Ltd
  • Publication date2020
  • ISBN 10 1788163842
  • ISBN 13 9781788163842
  • BindingHardcover
  • LanguageEnglish
  • Number of pages288
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    • 4.26 out of 5 stars
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Sainsbury, Lord David
Published by Profile Books Ltd, 2020
ISBN 10: 1788163842 ISBN 13: 9781788163842
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Published by Profile Books 27/02/2020, 2020
ISBN 10: 1788163842 ISBN 13: 9781788163842
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Published by Profile Books Ltd, 2020
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Sainsbury, Lord David
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Published by Profile Books Ltd, 2020
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Sainsbury, Lord David
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Hardcover. Condition: new. Hardcover. Is neoclassical economics dead? Why have the biggest industrial economies stagnated since the financial crisis? Is the competitive threat from China a tired metaphor or a genuine danger to our standard of living?Lord David Sainsbury draws on his experience in business and government to assemble the evidence and comes to some startling conclusions. In Windows of Opportunity, he argues that economic growth comes not as a steady process, but as a series of jumps, based on investment in high value-added firms. Because these firms are engaged in winner-takes-all competition, rapid growth in one country can indeed come at the expense of growth in another, contrary to the standard models. He suggests a new theory of growth and development, with a role for government in 'picking winners' at the level of technologies and industries rather than individual firms. With the role of industrial policy at the centre of the Brexit debate, but a significant intellectual gap in setting out what that policy should be, this book could not be more timely. A new theory of economic growth, putting individual firms' investment decisions in the central role. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781788163842

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